Chase CD Rates: How They Compare

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Chase’s certificates of deposit rates are generally low, but they can be somewhat better if you have a Chase checking account. The bank’s main strengths are the variety of CD terms and a relatively low minimum deposit.

How Chase Bank CD rates compare

Chase CDs, even at the highest tier of relationship rates, don’t come close to the yields that online banks can offer. Here’s how some 1-year rates at online banks compare to Chase’s standard 1-year rate:

10 days after the CD's maturity date.
Chase CDs automatically renew, so this 10-day window is the only time to withdraw without getting hit by a penalty.

Chase IRA CD available?

No retirement CD option for new customers.

» Curious about the bank’s other savings options? See our review of the Chase savings rate

What to consider when opening CDs

Interest rates are fixed. If you open a Chase CD today, its APY will stay the same until the CD expires. This benefits you if you lock in a CD before rates start dropping, but on the flip side, you’ll earn less on a CD if rates keep rising. It’s hard to know when CD rates will go up. See our article on historical CD rates.

You lose interest if you withdraw early. CDs are built to keep your money out of sight, out of mind. If you dip into a Chase CD before it expires, there’s an early withdrawal penalty, which means losing some or all the interest you earned. Some other banks offer CDs with no penalties; see the best no-penalty CD rates.

Solid range of terms, but low rates

Chase Bank CDs may be a convenient option if you already have a Chase checking account, want more choice with CD terms, and have a lump sum you won’t need for a while, but you can find higher rates elsewhere.

Calculate CD Interest

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